Rocky Mountain Production November, 2005 Kinder Morgan/Sempra Rocky Mountain Express

1. Rocky Mountain Production November, 2005 Kinder Morgan/Sempra Rocky Mountain Express

2. Fact! • The Rockies represent the only region in the Lower 48 capable of adding significant natural gas reserves and deliverability. • Reserves and deliverability can be added more quickly than LNG, Alaskan reserves and other Frontier production!

3. Why do you need the Rocky Mountain Express Pipeline?Let’s get to the point!

4. Because you need to look to the Rockies for long lasting, less expensive and more reliable natural gas resources.

5. Where Will the Fastest Growth in Domestic Production Come From? • Colorado! • Wyoming!!!!

6. Reserves - 2003 • U.S. Total Proved Reserves: 189 Tcf • Wyoming 21.7 Tcf • Colorado 15.4 Tcf • Utah 3.5 Tcf • Total Rockies 40.6 Tcf Proven • Probable/Possible exceeds an additional 200 Tcf!

9. COGCC-2004 Stat Book

10. Colorado Producers • BP • Williams • EnCana • PetroCanada • Bill Barrett Corporation • Kerr McGee • Pioneer Natural Resources • El Paso Oil and Gas • Laramie Energy • Orion Energy • …………………………………

11. Wyoming Natural Gas Production

12. Wyoming Production in a Little Detail

13. Jonah/Pinedale Historic Production

14. Predicting the Future – 20% Increase in Well Count

15. Well Count Matters

16. Powder River Basin Production

18. Wyoming Producers • BP • Williams • EnCana • PetroCanada • Bill Barrett Corporation • Kerr McGee • Pioneer Natural Resources • El Paso Oil and Gas • Exxon • Anadarko • Devon • Burlington Resources • XTO • Western Gas Resources • ……………………………………..

19. Pricing – Where are we at?What does it mean to Wyoming?

22. BP Indications

23. What’s In It for Wyoming4.3 Bcfd Annual Revenue - $ Millions

24. Putting It All Together

25. Production Will Continue Growing in the Rockies

26. Rockies Production by Basin Source: Wood Mackenzie 2005 Privileged and Confidential

27. Rockies Production vs. Export Capacity Total Rockies Production Potentially Stranded Production Rockies Export Capacity = 7.2 Bcf/Day Local Consumption Available export capacity—6.7 Bcf/d Source: Wood Mackenzie 2005 and Internal Analysis Privileged and Confidential

28. New Regional Capacity is Needed • SOON!!!!!!!!!!!!!!!!!!!!!!!!!!

29. New Export Capacity is Needed • Sooner Not Later!!!!!!!!!!!!!!!!!!!!!!!

32. Logical Markets Are Midwest and East • To Hit Core U.S. Market • To Capture Pricing Upside • To Avoid Growing Texas Production • To Sidestep California LNG

33. “Bullet Line” Parameters • 42-inch 1500 mile pipeline from Cheyenne to value added sectors of the country • $4 billion investment • 1.5 to 2 Bcfd of long-haul capacity • 10 to 15 year commitments • 3 year planning process • Multiple project sponsors • Multiple supply and market options Privileged and Confidential

34. Consider Joining the Wyoming Natural Gas Pipeline Authority in: • Encouraging a single line out of the region to promote market efficiencies • Lobbying for FERC and Congressional support on expedited approval for the new line • Lobbying Congress for legislation to allow year round drilling in an environmentally responsible manner in those areas where known supplies exist and can be brought to market rapidly Privileged and Confidential

35. The Natural Gas Pipeline Authority Bryan Hassler -- Executive Director Carla Hubbard – Administrator Colby Drechsel – Technical Analyst Board Members: Mark Doelger - Chairman Marc Randal Strahn - Vice Chairman Duane Zavadil - Board Member Jim Nielson - Board Member Jim Peck - Board Member

36. Contact Information Bryan Hassler - Executive Director E-mail – uep1@comcast.net Office (303) 748-6473 Fax (303) 948-1428 Carla Hubbard – Administrator E-mail – wyomingpipelinea@qwest.net Website – www.wyopipeline.com 152 N. Durbin Street – Suite 230 Casper, Wyoming 82601 Office (307) 237-5009